Solution to Chapter 1, Additional Question
{"Image DocumentName": "Solution to Chapter 1, Additional Question", "Image ImageDescription": "Calculating Marginal Cost of growing apples. Bear in mind that the timescale on growing apples is calculated in \u20185 hour\u2019 units. So to find MC is to calculate the extra cost incurred in 1 more \u20185 hour\u2019 unit of growing apples. In this case, when you work on the farm for 5 hours, you have to pay someone  6/hr, you are giving up  6 x 5hrs, which is  30. In this question, MC is the same for all \u20185 hour\u2019 units. Adding this to the table\u2026", "Image XResolution": "37", "Image YResolution": "37", "Image ResolutionUnit": "Pixels/Centimeter", "Image Software": "SlidePlayer", "Image YCbCrPositioning": "Centered"}